1773 Point O Woods Ct, Mount Dora, FL 32757
4 beds · 2 baths · 1,846 sqft
Welcome to 1773 Point O Woods Court, a beautifully maintained 4-bedroom home located in the highly sought-after Summerview neighborhood of Mount Dora, FL. This stunning property backs up to a serene conservation area, offering peaceful views with no rear neighbors and a large, fully fenced backyard for ultimate privacy. Step inside to find a bright and welcoming interior, with ceramic tile in the main living areas and plush carpeting in the bedrooms. The kitchen is a chef’s delight, featuring solid wood cabinets, gleaming granite countertops, and plenty of space for cooking and entertaining. The home has been meticulously cared for by the original owners and boasts beautiful paintwork throughout. An unbeatable perk of this home is its assumable 3.625% mortgage, offering potential buyers a fantastic opportunity for a lower interest rate. Located just 5 minutes from the charming and historic Downtown Mount Dora, you’ll be moments away from year-round shopping, dining, boating, and festivals. A brand new park with a playground, walking trails, volleyball courts, and more is just across the street. Plus, you'll find soccer fields, basketball courts, a public library, and other amenities in the nearby county park. Mount Dora is a growing community with new restaurants and shops opening regularly. It’s also home to excellent schools, churches, and medical care. And with easy access to New Smyrna Beach (just 1 hour away) and Disney World (a 40-minute drive), this location truly has it all. Don’t miss your chance to own this gem. Schedule your showing today!
Source: STELLAR #g5087700
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #g5087700
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #g5087700
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.